business
Lakeside Mall redevelopment plan gets approved for $270M+ in incentives
By WXYZ Web Team at WXYZ Channel 7 (ABC Detroit) - News
· June 23, 2026
· 2 min read
The company behind the plan to redevelop the former site of Lakeside Mall in Sterling Heights just secured more than $270 million in incentives.Michigan Governor Gretchen Whitmer, along with the Michigan Strategic Fund, announced the approval of a $270,678,999 Transformational Brownfield Plan for...
Key takeaway Michigan Governor Gretchen Whitmer, along with the Michigan Strategic Fund, announced the approval of a $270,678,999 Transformational Brownfield Plan for the site.
Why this matters in The Detroit
The approval of over $270 million in incentives for the Lakeside Mall redevelopment plan has significant implications for the Detroit area. As the project moves forward, it will be crucial to monitor how the influx of new residential units and retail space affects the local housing market and small businesses in surrounding communities. The creation of a community park and green space is also a notable aspect, as it has the potential to enhance the quality of life for residents in Sterling Heights and beyond. With the state estimating over $621 million in capital investment, the project's success could have a ripple effect, attracting further investment and development to the region. As the demolition of Lakeside Mall is expected to begin by the end of the year, residents can expect to see significant changes in the area, and it will be important to track the project's progress and its impact on the local community.
About this story
Original reporting by WXYZ Channel 7 (ABC Detroit) - News . The Detroit surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
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Category: business ·
Published: June 23, 2026 ·
Source: WXYZ Channel 7 (ABC Detroit) - News ·
Reading time: 2 min
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Frequently asked about this story
What is this story about? The company behind the plan to redevelop the former site of Lakeside Mall in Sterling Heights just secured more than $270 million in incentives.Michigan Governor Gretchen Whitmer, along with the Michigan Strategic Fund, announced the approval of a $270,678,999 Transformational Brownfield Plan for...
When was this published? This article was first published on June 23, 2026 by WXYZ Channel 7 (ABC Detroit) - News and curated for The Detroit readers.
Who reported this story? This story was reported by WXYZ Web Team at WXYZ Channel 7 (ABC Detroit) - News. To learn more about how The Detroit selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more business coverage from The Detroit, or browse our daily briefing and topic hubs .
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